Calendar Year
1999 in US Banking
1,347 bank events are on record for 1999: 8 failures, 1,063 mergers or acquisitions involving a bank, credit union or bank holding company, and 276 enforcement actions.
8
Failures
$1.59B in failed assets
1,063
Mergers
Federal Reserve NIC, banking organizations
276
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 1999 · Bank mergers 1999
How many banks failed in 1999?
8 banks failed in 1999, with $1.59B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Dec 10, 1999 | Golden City Commercial Bank | $87.2M |
| Nov 22, 1999 | Pacific Thrift and Loan Co | $127.3M |
| Sep 10, 1999 | Peoples NB of Commerce | $36.8M |
| Sep 1, 1999 | First NB of Keystone | $1.12B |
| Jul 9, 1999 | East Texas NB of Marshall | $121.6M |
| Jul 9, 1999 | Oceanmark Bank, a FSB | $69.0M |
| Apr 23, 1999 | Zia New Mexico Bank | $17.3M |
| Mar 26, 1999 | Victory State Bank | $13.2M |
Which banks merged in 1999?
1,063 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1999.
See the fuller list: Bank mergers 1999 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Aug 6, 1999 | Sierra Bank | State National Bank |
| Aug 5, 1999 | Citizens Bank of Missouri | BC National Banks |
| Aug 3, 1999 | Delta Bancshares, Inc. | Delta Bancshares of Louisiana, Inc. |
| Aug 3, 1999 | First Financial Corporation | National Commerce Financial Corporation |
| Aug 2, 1999 | Arw Federal Credit Union | Southwest Financial Federal Credit Union |
| Aug 2, 1999 | American States Employees Federal Credit Union | Indiana Members Credit Union |
| Aug 1, 1999 | Nope Federal Credit Union | Navy Federal Credit Union |
| Aug 1, 1999 | Carpenters 1498 Federal Credit Union | Pacific Horizon Credit Union |
| Aug 1, 1999 | Broad National Bank | Independence Community Bank |
| Aug 1, 1999 | FSC Federal Credit Union | Premierone Credit Union |
| Aug 1, 1999 | Sunshine Employees Federal Credit Union | Raritan Bay Federal Credit Union |
| Aug 1, 1999 | York Tracktown Employees Credit Union | First Capital Federal Credit Union |
| Aug 1, 1999 | Memphis Buckeye Federal Credit Union | Southern Security Federal Credit Union |
| Aug 1, 1999 | New Jersey-Metro Federal Credit Union | North Jersey Federal Credit Union |
| Aug 1, 1999 | Stroh Brewery Federal Credit Union | Truliant Federal Credit Union |
| Aug 1, 1999 | Broad National Bancorporation | Independence Community Bank Corp |
| Aug 1, 1999 | Prime Bancorp, Inc. | First Valley Corporation |
| Jul 31, 1999 | Paysaver Credit Union | Credit Union 1 |
| Jul 31, 1999 | Firstbancorporation, Inc. | SouthState Bank Corporation |
| Jul 31, 1999 | San Francisco Postal Credit Union | F3 Credit Union |
| Jul 31, 1999 | FirstBank of the Midlands, National Association | FirstBank, National Association |
| Jul 31, 1999 | Mannor Slacks Federal Credit Union | All in Federal Credit Union |
| Jul 31, 1999 | UMB Bank, Northwest | UMB Bank, N.A. |
| Jul 31, 1999 | Chevron Employees Federal Credit Union | Chevron Federal Credit Union |
| Jul 30, 1999 | Navigation Bank | SouthTrust Bank |
| Jul 30, 1999 | Delaware First Bank, F.S.B. | R-G Crown Bank |
| Jul 30, 1999 | Resolute Savings & Loan Association | Chelten Hills Savings Bank |
| Jul 27, 1999 | Dewey County Bancorporation, Inc. | Consolidated Equity Corporation |
| Jul 27, 1999 | Dewey County State Bank | First American Bank |
| Jul 23, 1999 | American Security Bank of Ville Platte | Whitney Bank |
| Jul 23, 1999 | (unnamed) | Bank of America, N.A. |
| Jul 23, 1999 | Delmarva Fife Federal Credit Union | Tidemark Federal Credit Union |
| Jul 22, 1999 | The First National Bank of Carthage | Farmers State Bank |
| Jul 17, 1999 | Commerce Bank Corporation | Truist Bank |
| Jul 17, 1999 | First Virginia Bank - Commonwealth | First Virginia Bank - Hampton Roads |
| Jul 17, 1999 | Republic National Bank of Miami | Union Planters Bank, National Association |
| Jul 17, 1999 | Tysons National Bank | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Home Savings Bank of Siler City, SSB | Capital Bank |
| Jul 17, 1999 | Bank of Indianola | Adams Bank & Trust |
| Jul 17, 1999 | (unnamed) | Wachovia Bank, N.A. |
| Jul 17, 1999 | First Federal Bank | Sky Bank-Mid AM Region |
| Jul 17, 1999 | The First National Bank of Clifton Forge | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | First Community Bank of Saltville | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Bank of Carroll | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Bank of Ferrum | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Alvin State Bank | Union Planters Bank, National Association |
| Jul 17, 1999 | (unnamed) | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Piedmont Trust Bank | Branch Banking and Trust Company of Virginia |
| Jul 17, 1999 | Indianola Agency, Inc. | Adbanc, Inc. |
| Jul 17, 1999 | The First Bank of Stuart | Branch Banking and Trust Company of Virginia |
The list holds 500 of the 1,063 mergers recorded for 1999.
Enforcement Actions in 1999
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Nov 17, 1999 | OCC | Western American National Bank | C&D or PC&D Requiring Restitution: Wheeler, Richard O. |
| Nov 17, 1999 | OCC | Western American National Bank | Prohibition/Removal Orders: Wheeler, Richard O. |
| Nov 16, 1999 | OCC | (individual) | Formal Agreement: Doha Bank |
| Nov 16, 1999 | OCC | First National Bank | Formal Agreement: First National Bank Of Rotan |
| Nov 16, 1999 | OCC | First National Bank | Formal Agreement: First National Bank |
| Nov 12, 1999 | OCC | (individual) | Formal Agreement: Bremer Bank, N.A. |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Bertram Smith |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Matthew J. Callahan |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Robert Barber |
| Nov 10, 1999 | FRB | First Western Bank | Cease and Desist Order: Adele Barber |
| Nov 10, 1999 | OCC | The Malta National Bank | Prohibition/Removal Orders: Davis, Fred A. |
| Nov 9, 1999 | OCC | The Commercial Bank of Kuwait S.A.K. | Formal Agreement: Commercial Bank of Kuwait S.A.K. |
| Nov 5, 1999 | OCC | Peoples National Bank of Commerce | Prohibition/Removal Orders: Wilcox, Thaddeus |
| Nov 5, 1999 | OCC | Peoples National Bank of Commerce | Civil Money Penalty (CMP): Wilcox, Thaddeus |
| Oct 28, 1999 | OCC | The Malta National Bank | Formal Agreement: Malta National Bank |
| Oct 26, 1999 | OCC | First National Bank PLC | Formal Agreement: First National Bank |
| Oct 21, 1999 | FRB | First Bank of Cleveland | Written Agreement: Heritage Bancorp Company, Inc., Cleveland, OK and First Bank of Cleveland, Cleveland, … |
| Oct 21, 1999 | OCC | The First National Bank of Strasburg | Formal Agreement: The First National Bank of Strasburg |
| Oct 14, 1999 | OCC | Omni National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): United National Bank |
| Oct 14, 1999 | OCC | Nebraska National Corporation | Formal Agreement: Nebraska National Bank |
| Oct 7, 1999 | OCC | Bank of America, N.A. | Prohibition/Removal Orders: Rostami, Alice |
| Oct 7, 1999 | OCC | United States National Bank of Oregon | Prohibition/Removal Orders: Bennett, Erin |
| Oct 3, 1999 | OCC | Treasury | Formal Agreement: Treasury Bank |
| Oct 1, 1999 | OCC | The Laredo National Bank | Civil Money Penalty (CMP): Jacobs, Gary G. |
| Oct 1, 1999 | OCC | (individual) | Formal Agreement: Community Bank & Trust, N.A. |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: William Barber |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Jeremy Edwards |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Linda Marant |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Richard Edwards |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Vivian Edwards |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: William Carmichael |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Grant Marant |
| Sep 24, 1999 | OCC_OTS | (individual) | Supervisory Agreement: First American Savings Bank FSB |
| Sep 24, 1999 | OCC_OTS | (individual) | Supervisory Agreement: First American Savings Bank, FSB |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Gay Lynn Nieminen |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: David Nieminen |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: H. Burns Warfield |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: James Rouse |
| Sep 24, 1999 | FRB | First Western Bank | Cease and Desist Order: Jenene Rouse |
| Sep 20, 1999 | OCC | Western American National Bank | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Wheeler, R. Scott |
| Sep 20, 1999 | OCC | Western American National Bank | Civil Money Penalty (CMP): Wheeler, R. Scott |
| Sep 20, 1999 | OCC | The Annapolis National Bank | Formal Agreement: Annapolis National Bank |
| Sep 10, 1999 | OCC_OTS | Georgia Commerce Bancshares, Inc. | Civil Money Penalty: Commerce Bank |
| Sep 9, 1999 | OCC | First National Bank of Gonzales | Formal Agreement: First National Bank Of Gonzales |
| Sep 2, 1999 | OCC | The First National Bank of Logan | Prohibition/Removal Orders: Leonard, Mark |
| Sep 2, 1999 | OCC | The First National Bank of Logan | Civil Money Penalty (CMP): Leonard, Mark |
| Aug 30, 1999 | OCC | First Illinois Corporation | Formal Agreement: First Illinois National Bank |
| Aug 26, 1999 | OCC_OTS | Doolin Security Savings Bank, FSB | Termination of Cease and Desist: Doolin Security SB, FSB |
| Aug 24, 1999 | OCC | Global Payments | Formal Agreement: Global Payments Inc |
| Aug 24, 1999 | OCC | (individual) | C&D or PC&D Requiring Restitution: Redemann, James |
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